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SBT to reduce mortgage interest
manic
Posts: 698 Forumite
in Credit cards
I have an offset mortgage. If I get a 0% for 9 months credit card that does fee free transfers into current accounts (SBT). Say they give me a credit limit of £5000, I transfer the full amount to my current account & set up a direct debit for a monthly payment of £555.56 per month (£5000/9). The extra will be against my mortgage at 5.7%.
Is this worth doing?
Is this worth doing?
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